06073, South Glastonbury, CT

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. Home prices are the price at which homes are sold in an area. Both home equity and home prices can change over time, depending on many factors including interest rates, inflation, and market demand.

According to Zillow, as of March 2019 the median home value in South Glastonbury was $297,500. This means that half of all homes in this zip code were worth more than this amount, while the other half were worth less. Over the past year, the median home value has increased by 2%. Inflation has been relatively low over this period (0%), so it is likely that buyers’ demands have had a larger impact on prices than inflation alone would have.

It is important to keep in mind that there can be significant variation within any given zip code for both home equity and home prices. For example, while South Glastonbury as a whole has seen modest growth in recent years, some neighborhoods within this zip code have seen much higher values due to their location or amenities (such as luxury homes or waterfront properties).